Today Nexo price analysis is showing that the coin is in a downward trend after a bullish pressure that lingered around the market for a few days. The coin has been below the support level of $0.816, which is a clear indication that bearish pressure is getting stronger in the market today.
In today’s trading session, despite the downtrend, the bulls were seen trying to break through the downtrend line and push the price higher, however, lack of momentum didn’t allow them to break this resistance.
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Source: Cryptocurrency - investing.com
